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Stock Markets Bombing!
Comments
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Oh no, that psychologically-important 5883.90 barrier has been breached!0
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US dollar (the world's store of value) lost 2% in an hour vs the Japanese Yen. There are going to be a lot of Japanese housewives nursing nasty losses tonight.0
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Anyone have Dow futures at hand?0
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dow futures are down one (1) per cent. only five (as i write this) stocks in ftse 250 showing positive. countrywide in USA showing massive losses and possibly worse to come. Overnight Libor Just Jumped From 5.75% To 6.5%. Guess what? Money is getting expensive (makes a change).BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Guy_Montag wrote: »What's a crash? 10%?
I don't think that there is a definition as such. But I would consider 10% over a month say a crash. 10% in one day is very rare.
The latest mkt commentary I received from Big Bank says, '...the story of today...is panic'.0 -
EU to investigate credit rating agencies - a bit late I would have thought, but what's your take on this G?
http://news.bbc.co.uk/1/hi/business/6949583.stm"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
1:38pm - seems to be rebounding. Is there real support at this level, or is it just a dead cat bounce?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Guy_Montag wrote: »What's a crash? 10%?
A friend of a friend is a trader and I once asked him this question.
Technically a fall of 2% in one day is a crash because at that point all the various computer safety nets start kicking in.
2% doesn't sound much, but in 24hrs it one hell of a lot of money.0
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